Housing affordability has reached its highest level since 1970 according to the National Association of Realtors® (NAR) and with mortgage interest rates expected to remain low and home prices stabilizing, this year may be the most affordable housing market in over 40 years.

Moe Veissi who is the NAR President said that these are great conditions for buying a home. He also said that they have never seen these kind of conditions or opportunities for people with good credit.

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In the Utah Realtor Magazine there is an article that states the foreclosure situation in Utah is improving. Utah’s foreclosure inventory has gone down .8 percent compared to last year and only .2 percent nationwide.

On the National list of improving housing markets St. George and Provo are mentioned.
In the article it talks about the National Association of Home Builders and it has included the cities on its April Improving Market Index, which identifies metropolitan areas that have had increases in housing permits, employment and house prices for at least six consecutive months.

Since the trough in March 2009, the index says St. George home-building permits have grown 3.9 percent. The index also says home prices have increased 3.5 percent since their through in May 2011. Finally, St. George employment has grown 1.5 percent from its trough in December 2009.

Mulligans will be sold at registration for $10 each (no limit) and must be paid upon receipt.

Sunbrook does enforce a no tank top or cut-off jeans policy and spikeless shoes are required.

Each player will be allotted $5 “beverage bucks,” sponsored by Dixie Business Alliance, for the Beverage Cart. Lunch will be given during play “on the turn.”  Remember to meet back at the snack bar after your team is done playing for prizes, including the chance to win our Security Service Credit Union Grand Prize Vacation for 2 to Las Vegas with accommodations at the Palazzo Hotel and tickets to “Phantom of the Opera.”  Other prizes include stays at Eureka Hotel Casino, La Quinta Inn & Suites, rounds of golf to Casablanca or Palms Golf Course in Mesquite or Sand Hollow Golf, and many others!

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. The 101 markets on the April IMI represent a net gain of two from March, with 13 metros being added and 11 markets slipping from the list while 88 markets retained their places on it. Among the new entrants, areas as diverse as Rome, Ga.; Coeur d’Alene, Idaho; Greenville, N.C.; Brownsville, Texas; St. George, Utah; and Huntington, W.Va., are now represented on the IMI.

Realogy was chosen from 5,000 nominated companies headquartered in 100 different countries and across 36 industries. Companies were evaluated using a rigorous proprietary methodology, based on their ethics and compliance program, reputation, leadership and innovation, governance, corporate citizenship and responsibility, and ethical culture.

Realogy earned its placement on this prestigious list by implementing and maintaining upright business practices and initiatives that are instrumental to the company’s success, benefit the community, and raise the bar for ethical standards within our industry.

Based in Charlotte, N.C., the company was founded by Scott Wilkinson in 2000. With two offices and more than 600 agents, the area’s second-largest firm also serves Greensboro to the north as well as the coastal area of Wilmington.

As one of the nation’s fastest growing cities – often referred to as the country’s second largest banking center after New York City – Charlotte is a city poised for significant opportunities in the real estate sector.

Scott and his team will be joining us at the 2012 ERA Real Estate International Business Conference in just two weeks so you can join us in welcoming them to Team ERA. In the meantime, click here to meet Scott and learn more about his company and market

  Now may be the best time ever to start a career in real estate.  Number of agents is down and market activity is up.  Those who want a successful real estate career should start today.  At ERA Brokers Consolidated we set you on a path to achieve success and reach your goals in an exciting yet flexible career.  Contact us today for a discount on real estate school and to set your personal consultation about your opportunities in the St. George or Southern Utah real estate market.

The amount of this shadow inventory varies from state to state and in each indivdual market.   The St. George area, including Washington County communities of Washington, Santa Clara, Hurricane, and Ivins has been in a very active market and all indications are that it will continue.  Foreclosed properties are being absorbed as fast as they are coming to the market.  Most forelcosed properties under $300,000 in price are receiving multiple competing offers and many sell for as much as $10,000 over asking price.

Today’s market appetite for foreclosures could support at least double if not triple the number of foreclosures without negatively impacting price.  The demand is keeping up with the supply.  There are no indications of a large number of  ’shadow inventory’ for our area that will suddenly come to the market causing and oversupply and driving prices down.  We expect a vibrant competative market through the end of this year.

The parade homes are in Ivins,  Santa Clara, St. George, Washington and Hurricane.  As you travel to see these amazing homes you will cover the west side of Washington County.  If you are considering buying a home in St. George or anywhere in Southern Utah then you will want to attend the St. George Area Parade of Homes.

Click here to view the embedded video.

ERA Brokers Consolidated has always been a strong supporter of the St. George Area Parade of Homes and has represented and demonstrated many homes that have been offered in the parade over the years.  With a convenient boulevard office location and another great location on State Street in Hurricane our agents are available to answer questions, give directions, or even accompany you to the parade homes.   Honk and wave anytime you see an ERA Brokers Consolidated vehicle along the parade route.  We work with many local builders and can get you just the home you are looking for.